Tag: construction prices

May 15, 2024

Ken Simonson, chief economist at the Associated General Contractors of America, echoed Basu’s concerns about rising input costs and its impact on contractors’ bids and project expenses. “Prices for construction inputs have risen faster than contractors’ bids every month so […]

April 11, 2024

Earlier this week, the consumer price index in March also rose more than forecast for the third straight month, according to the Bureau of Labor Statistics. Ken Simonson, chief economist at the Associated General Contractors of America, echoed Basu’s sentiment […]

October 12, 2023

The rise in prices was mainly due to a bump in energy costs. In September, prices increased in all three energy subcategories. While natural gas saw a jump of only 0.1%, crude petroleum and unprocessed energy materials rose 10.1% and […]

September 15, 2023

An extreme jump in diesel fuel costs in August drove the overall increase in materials prices, according to a separate analysis from the Associated General Contractors of America. Most other commodity prices remained relatively unchanged, according to AGC officials. “The […]

August 13, 2021

ABC Chief Economist Anirban Basu pointed to several reasons for the escalation, including a rebounding economy, ongoing supply chain disruptions and limited productive capacity. “Many economists insist that the current situation is merely temporary; still, today’s input price increases can […]

July 20, 2020

Associated Builders and Contractors’ Chief Economist Anirban Basu echoed Rivetti’s sentiments about competition, saying that as a result of the COVID-19 pandemic, “the average construction firm leader is more concerned about demand for their services than any other consideration, including […]

September 23, 2016

Both nonresidential construction input prices and overall input prices fell in August as energy prices retrenched, according to a recent analysis of the Bureau of Labor Statistics Producer Price Index released by Associated Builders and Contractors. Nonresidential construction input prices were […]